Janashakthi honoured at SAFA awards
Janashakthi Insurance was recognized among the best of South Asia at
the prestigious SAFA ( South Asian Federation of Accountants), awards
for best annual reports held in Colombo. Reliable financial information
and high quality presentation of its annual report for 2011, won
Janashakthi a merit award, at their first participation at these awards.
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Chairman, Annual Report Awards
Committee, CA Sri Lanka, Tishan Subasinghe; Vice President
South Asian Federation of Accountants (SAFA), Subodh Kumar
Agrawal; and Secretary/CEO, CA Sri Lanka, Aruna Alwis,
Sujith Perera (Manager Finance, Janashakthi Insurance PLC) |
Commenting on this achievement Prakash Schaffter, Managing Director,
Janashakthi said, “It is truly an honour to be ranked amidst the best of
the best in the region.
This is a great achievement for Janashakthi Insurance, as it is the
first time we have been recognized for our excellence in financial
reporting.
As a leading Insurer who values integrity, Janashakthi rates
transparency, good governance and reliability at the top of our priority
list.”
Considered as the most prestigious accolade for financial reporting
in the South Asian region, Sri Lankan companies together with companies
from India, Pakistan, Bangladesh and Nepal were rewarded for their
excellent annual reports which promoted transparency, accountability and
good governance.
SAFA selects winners based on a stringent selection criteria by an
eminent panel of judges based on the presentation and disclosure of high
quality, relevant and reliable financial statements meeting
International Accounting Standards (IAS) and International Financial
Reporting Standards (IFRS).
“The financial report of a company should reflect a true and fair
view of the business affairs of the organization in a comparable and
understandable manner, as it is used by regulators and other
stakeholders alike. In this context Sri Lanka adopted the International
Financial Reporting Standard last year. This recognition is a tribute to
Janshakthi's strict adherence to international standards,” Shehara De
Silva, General Manager, Sales and Marketing, Janashakthi, said.
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